KiwiSaver on the cusp of $100 billion

Will KiwiSaver become a tempting target for members feeling the pinch of inflation now rebranded as a ‘cost-of-living crisis’? (Image: Depositphotos)

David Chaplin

Wed, 21 Jun 2023

Depending on your data source, KiwiSaver funds under management ranged between $91.9 billion to more than $97b as at the end of March this year.If the Reserve Bank of New Zealand (RBNZ) figure of almost $97.2b is correct, the KiwiSaver market should top $100b during this quarter.On the other hand, Australian research houses Morningstar and Plan for Life valued KiwiSaver at $91.9b and $93.3ish-b, respectively, at March 31, suggesting the $100b party might have to wait for a few more months.There’s probably a good explanation for the $4b to...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

World

World economies brace for Trump tariffs ahead of deadline

The uncertainty was roiling markets.

AFP 10:00am

The Quiz Free

QuiznessDesk, Tuesday, April 01

Can you beat the Quizmaster?

The Quizmaster 9:15am

Infrastructure

Mainfreight praises 'logical, sensible' rail ferries decision

Port companies on both side of the Cook Strait also welcome increased certainty.

Oliver Lewis 5:00am

Mainfreight praises 'logical, sensible' rail ferries decision

Sponsored

Commercial property trends: AI, sustainability and growing confidence

Falling rates and green tech shape property investment’s future.

PMG

Sponsored

Continuing Arnold Downer’s legacy: infrastructure, inclusion and impact

‘The Downer difference’ in action: building communities, creating lasting change.

Sponsored by Downer

More Economy

Economy

Signs of optimism as number of NZers behind on payments falls

New credit data from Centrix shows green shoots of optimism as mortgage and consumer arrears fell in February.The number of New Zealanders behind on their payments fell by 11,000 in February compared with January.While there are still 480,000 consumers in arrears, levels are 1% l...

Staff reporters 9:22am